I have an Apt. complex (76 units) in low income area of Kansas City, KS. Somehow it is normal for the average tenant here to live for 3-6 months, skip at least two months of rent, trash the apartment and leave. O...
Hello Would the capital gains tax happen on the amount after the mortgage is paid off and subtracted the initial invested fund? For example, if a property was purchased for $100k and mortgage $70k and invested $10k pl...
Hello BP I would appreciate some advice. I close on my first 6 unit tomorrow. I've went back and forth with deciding should i hire a property manager or self perform. I chose the latter for a few reasons. The proper...
Hello everyone,I’m a first time landlord and I just delivered a 7 day notice to pay or vacate to a tenant for non-payment of rent. I did get in touch with him afterwards and he said he would pay in the outlined timefr...
“The Truth About Binder Deposit Disputes”By Justin M. Bullock, Real Estate Developer & InvestorI have been very fortunate in my investment career not to have ever personally found myself wrapped in a binder disput...
Hello. I’m planning on purchasing a cabin in Big Bear, CA and renting it out on AirBNB. Where to start? Do I rather to open up an LLC first? Any good real estate lawyer in SoCal? Appreciate any info
Hi -BP has a "Tacoma" and "Seattle" forum - they need an "Everett" or "SnoCo" one...If you have residential rental properties within jurisdiction of city of Everett, Snohomish County, Washington, or you are a profe...
I have a question about funding a single-member LLC and paying it back. I have read several of the posts here, but I have not been able to figure out exactly what to do. I am buying a property, and I going to fund i...
Secured my 1st Investment property to be rehabbed and flipped but I’m kind of curious as to the construction side. Should I have a contract with my contractor and what’s a common contract if any?
I work in California. And I reside there most of the time. I have a condo in California and have one of the bedrooms listed an Airbnb. I have a primary residence/mortgage in Texas and rent the rooms in that house with...